search query: @indexterm COMPANY REPORTS / total: 363
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| Author: | Sengupta, P. |
| Title: | Corporate disclosure quality and the cost of debt. |
| Journal: | Accounting Review
1998 : OCT, VOL. 73:4, p. 459-474 |
| Index terms: | Disclosure Company reports Financial reporting Debt management Interest rates |
| Language: | eng |
| Abstract: | The study provides evidence that firms with high disclosure quality ratings from financial analysts enjoy a lower effective interest cost of issuing debt. The results also indicate that the relative importance of disclosures is greater in situations where there is greater market uncertainty about the firm as reflected by the variance os stock returns. |
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